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Monday, July 29, 2013

SAP bets on Asia-Pac despite Q2 blip

BT 20130729 ACSAP29 687368
GERMAN software major SAP is in the process of making big investments in the Asia Pacific including Japan (APJ) region, despite a 7 per cent drop in software and cloud subscription growth during the second quarter, which ended on June 30.
SAP's APJ president Steve Watts told BizIT that the company has put in place an acceleration plan for the region that aims at making it grow more quickly: "We expect SAP's business in China will be among the top five globally."
He noted that during the quarter, the company saw an increase in adoption of SAP Cloud solutions which resulted in triple-digit growth in this segment. "SAP Hana, our in-memory database, grew at 37 per cent year-on-year as customers adopt the technology to build advanced applications and underpin their SAP Business Suite environment.
"This acceleration in the adoption of SAP Cloud solutions and SAP Hana puts us in a strong position when macro-economic conditions in Australia and Japan improve. China, India, Korea and South-east Asia delivered positive growth results, with China doubling revenue in sequential quarters," he said.

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